Transparency Culture and Financial Communication
SYMPHONYA Emerging Issues in Management, n. 2, 2002
12 Pages Posted: 14 Mar 2015
Date Written: March 1, 2002
The inter-company relationships are affected significantly by the information flows activated by the various players. The fact that a large number of relationships can be essentially ascribed to the sharing of part of the financial risk highlights the crucial role of financial communication. Financial communication can be an intangible asset of primary importance for corporate development. The achievement of such a goal requires the revision of rules and conduct to obtain messages in true accordance with proper financial corporate principles of truthfulness, clarity, and especially, transparency. Transparency is an essential requirement for the continuous refining of the convergence between management and information content, and the clarity of the documents periodically transmitted outside. Transparency should facilitate the establishment of a unitary, consistent system of conduct and messages focused on corporate financial dynamics.
Keywords: Corporate Governance; Financial Communication; Transparency Culture; Stakeholder Relation
JEL Classification: M00
Suggested Citation: Suggested Citation